PAO TMK Consolidated Financial Statements - tmk-group.com PAO TMK Consolidated Statement of Financial

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  • PAO TMK

    Consolidated Financial StatementsYear ended December 31, 2016

  • PAO TMK

    Consolidated Financial StatementsYear ended December 31, 2016

    Contents

    Independent auditors report................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................3

    Consolidated Income Statement................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................8

    Consolidated Statement of Comprehensive Income................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................9

    Consolidated Statement of Financial Position................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................10

    Consolidated Statement of Changes in Equity................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................11

    Consolidated Statement of Cash Flows................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................13

    Notes to the Consolidated Financial Statements................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................15

    1) Corporate Information................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................15

    2) Significant Accounting Policies................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................15

    3) Segment Information................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................31

    4) Cost of Sales................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................33

    5) Selling and Distribution Expenses................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................34

    6) General and Administrative Expenses................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................34

    7) Research and Development Expenses................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................34

    8) Other Operating Income and Expenses................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................34

    9) Income Tax................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................35

    10) Earning per Share................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................36

    11) Acquisition and Disposal of Subsidiaries..................................................................................................................................................................................................................................................................................................................................................................